Utilize a payroll service provider to handle employee payments and compliance, allowing you to focus on your startup's core activities.

Even during tough times, it's important to prioritize payroll and ensure no one on the team experiences missed or delayed payments.

40% of companies in the US were making mistakes with payroll and getting penalized every year, which highlighted the pain points we could address for small business owners.

Pay all wages and accrued vacation immediately upon termination, as this is a legal requirement.

When hiring employees, ensure you understand employment laws and the differences between employees and contractors, as misclassification can lead to IRS scrutiny.

Gusto, originally Zen Payroll, focused solely on payroll services before expanding into a comprehensive HR tool, demonstrating the importance of starting simple.

Business expenses, such as employee salaries and office rent, are crucial for startups as they can be deducted from taxes, reducing the overall tax burden on the company.

It's crucial to have workers' compensation insurance for employees to avoid hefty fines from state authorities.

The payroll industry was ripe for disruption due to the combination of big incumbents and a fragmented market, allowing us to leverage technology trends like cloud computing and mobile access, while small businesses are finally starting to receive amazing software solutions thanks to recent technology and distribution changes that favor disruptors over incumbents.